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Real Estate Prices & Overview

Mount Hope East median real estate price is $751,828, which is more expensive than 57.6% of the neighborhoods in New York and 82.6% of the neighborhoods in the U.S.

The average rental price in Mount Hope East is currently $2,721, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 57.3% of New York neighborhoods.

Mount Hope East is a densely urban neighborhood (based on population density) located in Bronx, New York.

Mount Hope East real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Mount Hope East neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 7.0% in Mount Hope East. NeighborhoodScout analysis shows that this rate is lower than 53.9% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 99.1% of U.S. neighborhoods.

Also, in the Mount Hope East neighborhood, 25.7% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 97.8% of the neighborhoods in America.

Finally, more people in Mount Hope East choose to walk to work each day (14.1%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Mount Hope East neighborhood buck this trend. 56.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.0% of U.S. neighborhoods.

Real Estate

The Mount Hope East neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 32,368 persons per square mile in the neighborhood, it is more packed with people than 97.2% of the nation's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Mount Hope East neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, renter-occupied real estate is dominant in the Mount Hope East neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 91.3%, which is higher than 97.1% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Furthermore, the real estate in the Mount Hope East neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 71.7% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 95.4% of American neighborhoods.

Also of note, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 55.6% of the residential real estate in the Mount Hope East neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 95.3% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Diversity

Did you know that the Mount Hope East neighborhood has more Dominican and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.7% of this neighborhood's residents have Dominican ancestry and 20.4% have Sub-Saharan African ancestry.

Mount Hope East is also pretty special linguistically. Significantly, 18.3% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Mount Hope East neighborhood in Bronx are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 73.1% of U.S. neighborhoods. With 29.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 80.6% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Mount Hope East neighborhood, 32.8% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 32.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.0%), and 13.8% in executive, management, and professional occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Mount Hope East neighborhood is English, spoken by 43.4% of households. Other important languages spoken here include Spanish and African languages.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Mount Hope East neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (20.4%). There are also a number of people of Puerto Rican ancestry (14.6%), and residents who report Dominican roots (12.7%), and some of the residents are also of African ancestry (11.0%), along with some Mexican ancestry residents (7.3%), among others. In addition, 38.4% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Mount Hope East neighborhood spend between 15 and 30 minutes commuting one-way to work (32.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (31.1%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (25.7%) and 23.5% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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